Raymond Johnson commenced business on 1 January 2006 and makes his accounts to 31 December. For the year ended 31 December 2006. bad debts written off amounted to $2,350. I was also found necessary to create a provision for doubtful debts to be equal to 5% of the remaining debtors which amounted to $80,000 at 31 December In 2007, debts amounting to $1550 proved bad and were written oft James Swanston whose debt of $875 was written off as bad in 2006 settled his account in full on June 30, 2007. As at 31 December 2007 total debts outstanding were $60,000. It was decided to maintain the provision at 5% of this figure on that date In 2008, $3,000 debts were written off during the year, and on October 15 another recovery of S300 was received from Charles intin in respect of debts written off in 2006. As at 31 December 2008, total debtors outstanding were $70,000. The provision for doubtful debts is to be maintained at 5% of this figure. You are required to show for the years 2006, 2007 and 2008, the (a) (b) Bad Debts Account Bad Debts recovered Account Provision for Bad Debts Account Extract from the Profit and Loss Accounts Extract from the Balance Sheets (d) (e)